Snob effect
ActivTrades
Whether it is fine whisky or trendy Warhol painting, many things are becoming more expensive, even for the ultra-wealthy. This leads to a bull market in luxury properties because many rich people are eager to demonstrate to their community how bulging their wallets are.
Bahamas kickstarts FTX assets sell-off
An auto dealer yesterday disclosed he expects to sell 60 percent of the former FTX vehicle fleet assigned to him within 30 days, but warned: “This is not a fire sale.”
Exuma’s tourism up 21% as utilities ‘behind 8-ball’
The Deputy Prime Minister yesterday asserted that Exuma is “going places” with tourism 21 percent ahead of pre-COVID levels, but admitted this growth caught the public utilities “behind the 8-ball”.
Bahamasair targets 20% capacity growth
Bahamasair is aiming to increase its fleet’s seat capacity by 20 percent come summer 2024 through adding two new jets, with its top executive describing the carrier as a “safeguard” for airlift and tourism.
Doctors to slash nation’s 213-bed shortage by 32%
Doctors Hospital yesterday pledged it will slash The Bahamas’ 213-strong hospital bed shortage by almost one-third come 2025 through the opening of two new facilities.
Developer: ‘Rumours of my death greatly exaggerated’
An Exuma developer yesterday said “rumours of my death have been greatly exaggerated” as he outlined progress with his “semi-private club and marina” project.
Minister hopeful UN takes control of global tax policy
A Cabinet minister yesterday voiced optimism there is “momentum building” for a push to snatch control of international tax policy away from the European Union (EU) and OECD.
Halkitis: We’re following law on publishing of contracts
Michael Halkitis, Minister of Economic Affairs, said yesterday the government is still complying with the Public Procurement Act and information is still being updated on the system.
Bahamas ‘prioritises’ debt servicing over its people
The Bahamas has reached a point where the Government is prioritising interest payments on its $11.645bn national over services to its people, an investment analyst argued yesterday.
BPL base tariff review moves forward to bid
Consultants are being sought to conduct an “independent” study on whether Bahamas Power & Light’s (BPL) base tariff should be increased, it was revealed yesterday.
Water Corp’s monthly bills to aid consumers
The Water and Sewerage Corporation’s (WSC) top executive yesterday said customers will enjoy “quite a few benefits” such as earlier leak detection through the utility’s switch to monthly billing.
Bahamas tackling blacklist ‘symptom, not root cause’
A Bahamian banker yesterday argued this nation is merely “addressing the symptom as opposed to the root” cause of its blacklisting woes as he urged the Government to clarify its corporate income tax goals.
Ex-Trust chief’s parking fears on Goodman’s Bay penthouse
An ex-Bahamas National Trust (BNT) chief yesterday argued the developer of a 14-storey Goodman’s Bay penthouse must ensure there is sufficient parking to prevent Bahamians being “further disenfranchised”.
PI resorts urge 4-week Wendy’s decision delay
Major Paradise Island resorts yesterday urged the planning authorities to delay their decision on Wendy’s bid for approvals by four weeks so that the restaurant’s impact on traffic flows can be studied.
Governance reformers hail ombudsman ‘priority’
Governance reformers yesterday praised the Government for both treating the Ombudsman Bill as a legislative “priority” and appearing to alter the original version as a result of their feedback.
